home · filing · 0000102729-23-000050
8-K filed August 3, 2023, 7:59 PM ET
ticker VMI
CIK 0000102729
leadership
confidence high
sentiment neutral
materiality 0.75
Valmont elects Avner Applbaum as CEO; base salary $950K, bonus 110% of base
VALMONT INDUSTRIES INC
Avner Applbaum appointed President & CEO effective July 10, 2023; also joined Board on July 31, 2023.
New CEO compensation: $950K base salary, target bonus 110% of base (prorated for 2023), LTI target 207.5% of base.
Applbaum granted 1,804 performance shares (2023-2025 plan), options for 3,661 shares at $264.75, and 1,133 RSUs.
Aaron Schapper named Group President Agriculture & Chief Strategy Officer effective July 31, 2023.
Schapper received 9,442 performance-based RSUs tied to 2024 and 2025 global irrigation ROIC and operating income.
Executive movements
Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements .
Appointed
Avner Applbaum
Director
VMI ·
VALMONT INDUSTRIES INC
Effective 2023-07-31
Filed August 3, 2023, 7:59 PM ET
On July 31, 2023, the Board of Directors designated Mr. Applbaum as a member of the Board of Directors.
Effective 2023-07-10
Filed August 3, 2023, 7:59 PM ET
The Board of Directors of Valmont Industries, Inc. elected Avner Applbaum as President and Chief Executive Officer on July 10, 2023.
Effective 2023-07-31
Filed August 3, 2023, 7:59 PM ET
Aaron Schapper became Group President Agriculture and Chief Strategy Officer effective July 31, 2023.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Avner Applbaum was appointed as Director at VALMONT INDUSTRIES INC.
Action designated
Role Director
Exact text from the filing
On July 31, 2023, the Board of Directors designated Mr. Applbaum as a member of the Board of Directors.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Avner Applbaum was elected as President and Chief Executive Officer at VALMONT INDUSTRIES INC.
Action elected
Role President and Chief Executive Officer
Exact text from the filing
The Board of Directors of Valmont Industries, Inc. elected Avner Applbaum as President and Chief Executive Officer on July 10, 2023.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Aaron Schapper was appointed as Group President Agriculture and Chief Strategy Officer at VALMONT INDUSTRIES INC.
Action became
Role Group President Agriculture and Chief Strategy Officer
Exact text from the filing
Aaron Schapper became Group President Agriculture and Chief Strategy Officer effective July 31, 2023.
View on SEC.gov
Source: SEC EDGAR
accession 0000102729-23-000050
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